Developer Who Allegedly Connived With 1st Bank Official To Defraud Prof. Of N14m Jailed 7 Years
An estate developer, Bamidele Abdul-Mumuni, has been convicted and sentenced to seven years imprisonment, by an Ikeja Special Offences Court, Lagos, for defrauding a Professor of the sum of N14 million.
The court presided over by Justice Mojisola Dada, convicted and sentenced the estate developer, after finding him guilty of allegations made against him by the Economic and Financial Crimes Commission (EFCC).
Justice Dada however discharged and acquitted the convict’s co-defendants, Olorunwa Idowu and Afolabi Nasiru, for lack of conspiracy nexus to the fraud allegations.
Justice Dada, despite discharging the two men of the allegations, however, pointed out that their acts was immoral, but the prosecutor failed to prove beyond reasonable doubt that they connived with the convict to commit fraud.
The convict and his alleged conspirators were arraigned before the court by the EFCC, for defrauding Professor Gbadamosi Alaba of Adekunle Ajasin University, Ondo State, the sum of N14 million.
They were arraigned on a 40-count charge bordering on conspiracy and stealing.
While the convict pleaded guilty to the allegations, the duo of Idowu and Nasiru denied the allegations and pleaded not guilty.
Following the convict guilty plea, he was accordingly convicted and sentenced by the presiding judge.
Upon the sentenced of the convict, the EFCC’s counsel, Samuel Daji, commenced the trial of Nasiru and Idowu, by calling five witnesses to prove the commission’s case.
In his defence during trial, Nasiru, a customer to the First Bank Plc, told the court that his account with the bank, was used by the second defendant, Idowu who was the bank’s Marketing Officer, that perpetrate the fraud without his knowledge.
The First Bank’s Marketing Officer, Idowu, while being cross-examined, told the court that he worked with the First Bank of Nigeria for over 10 years and admitted given out Nasiru’s account out to the convict, Abdul-Mumuni.
Idowu also confirmed to the court that he did not know the source of the money.